The back to school season is here with us again and coming from the Christmas and New Year holiday break, it may be financially straining even for the most prepared of parents and guardians. The shorter school term calendars that are a result of the disruption caused by the Covid-19 pandemic to the education sector are not making things easier either.
The frequency of paying school fees is much shorter than the four-month cycle we were previously accustomed to. Then parents still need to buy books, uniforms and other items that are mandatory.
Most of us could do with a little help during this time of the year. Equity understands that as a parent or guardian preparing for the new school term, you may be financially constrained or need a boost to pay school fees, do back to school shopping or make purchases for items required by your child/children.
It is for this reason that the Bank has introduced a new and innovative way of accessing a loan instantly anywhere anytime. With Equity’s *247#, you can now cater for your back to school needs with ease. The service allows you to apply for and receive instant loans of as low as Kshs. 100 up to Kshs 3 million. This service is currently available on all mobile networks including Safaricom, Telkom, Airtel & Equitel and is accessible on both smartphones and feature phones (Kabambe) by simply dialing *247# and following the simple instructions.
By the way, you do not need to complete/fill any physical forms, look for guarantors or security/collateral. The loan facility is also available on Equity Mobile App (Play Store: http://bit.ly/EquitymobileAndroid & App Store: http://bit.ly/EquityMobileIOS) or Equity Online (https://equityonline.equitygroupholdings.com/en/access/onboarding).
In addition, you can also purchase a banker’s cheque at only Kshs. 100 for school fees be it for primary, secondary, college or university and deposit fees at any Equity branch or Agent near you for free; the student details will be captured on the deposit slip at the branch or agent.
Shopping for back to school has been made easier using the Bank’s different payment options. You can pay for your back to school shopping through *247#, Equity Mobile App, Equitel or your Equity Visa, Mastercard and Amex Cards at the simple touch of a button.
During this season, your business cashflow may have been affected by your back to school expenditure, and you realize your business needs a boost. You can bring your business back on track by simply dialing *247# to borrow the amount you need to give your business a boost. Whether it’s buying of stock, purchasing a much-needed equipment or even getting farm inputs.
As you navigate this season, you do not have to worry as you can now conveniently enjoy access to banking services and loans from your phone by simply dialing *247#. The service also allows you to check your loan limit, loan status or loan balances as well as make partial or full repayments for your loans.